"As you read some of the other reviews, Rick is a master at helping people finance Inns and B&Bs. What not too many people say is that Rick takes each sale personally and you make a friend for life. Rick helped me finance Oak Hill On Love Lane in Waynesville NC last year. But the relationship did not stop after the closing. Rick, treats each sale personally and goes out of his way to ensure that you become a successful inn owner. Rick checks in to make sure that things are going well at the B&B/Inn. As soon as Rick hears about industry changes that may affect his clients, he …
Reviews & Clients
The Aerie
"My wife and I attended a future innkeepers conference with a very reputable bed & breakfast consulting team (highly recommend attending before purchasing an inn). After the conference, we decided that the B&B life was for us. Even though neither of us had a hospitality background, we felt that our professional and life experiences prepared us for the adventure. Our only trepidation was how we would fund the venture." "After a discussion with one of the consultants from the seminar, an introduction to Rick Newman and the Commercial Capital Network was made. Rick has well over 20 years …
Black Walnut Bed & Breakfast
Congratulations to Alicia Wilson, the new owner of the Black Walnut Bed & Breakfast located in the historic Montford area of Asheville NC Black Walnut Bed & Breakfast Asheville NC …
The Yellow House Bed & Breakfast
"We would not have been successful in achieving our goal of B&B ownership without Rick’s help and guidance. His thoughtful and smart approach consistently kept us a step ahead without overwhelming us, even when significant obstacles appeared. He was persistent and creative partner who focused on real solutions - and that made all the difference. We highly recommend Rick to anyone who is buying an inn!" Chad King and Josh Larson The Yellow House Bed & Breakfast on Plott Creek Rd. Waynesville, NC …
Echo Mountain Inn
Congratulations to the Bonnema family members, Bud & Jan and Travis & Becky in the acquisition of the Echo Mountain Inn, Hendersonville, NC Echo Mountain Inn Bed & Breakfast Hendersonville, NC …
Wright Inn and Carriage House
Congrats to the Riffle Family, proud new owners of The Wright Inn. Wright Inn and Carriage House Asheville, NC …
Cornerstone Bed & Breakfast
"For more than 25 years, my grandmother (Rick Newman’s Mother) owned the New Hope Lodge in New Hope, PA. I spent much of my childhood after school with her at the inn watching her work never imagining that one day I would want to own an inn myself. I know my Grandmother would be so pleased to know I used my portion of the proceeds she left to her grandchildren to purchase an inn, and that her life’s work as an innkeeper made this all possible." "When my husband and I first considered owning a B&B, we weren't entirely sure of the process and timeline. We thought it would take us years. …
Sheridan House Inn
https://youtu.be/rqxXXGiNO2E "We never would be here as innkeepers of the Sheridan House Inn at the gateway to the Grand Canyon, with guests from all over the world delighting in our special brand of Arizona hospitality, without Rick Newman of InnFinancing. It’s a fact that most B&B owners don’t come from hospitality backgrounds, so walking into a bank and asking for them to loan money to people with no experience would be truly laughable. Hospitality loans are risky and very difficult to obtain, even for a property with good profitable P&Ls and history. While you obviously must …
North Lodge at Oakland – Asheville NC
Meet David and Kevin... Kevin and Dave have been interested in owning a Professional B&B business for almost 2 decades. Dave was born in Northern Nevada but has lived in W. North Carolina for 13 years. He is a great cook and a licensed Realtor. Prior to purchasing North Lodge, he ran a successful Airbnb business with Kevin and their two boys Dominic and Dylan. During the past 4 years, they welcomed 685 guests to Making Memories Ranch in Horse Shoe, NC. Kevin was born in West Islip, New York. His family moved to greater Fort Lauderdale area in 1967. He has enjoyed a successful career in …
The Lion and the Rose Bed & Breakfast
Meet Steve and Karen... The Lion & The Rose will be owned and managed by Steve and Karen Wilson. Steve has a BS degree in Computer Science and Karen has an MS degree in Computer Science with previous experience in project management, web design and a few years in the hospitality industry. Steve and Karen fell in love with North Carolina 18 years ago. The time for a new adventure was calling and they were determined to continue their love affair with NC. Becoming innkeepers had been in the back of their minds since their first B&B experience for their wedding. They searched from the …
North Lodge at Oakland – Asheville NC
"We spent the better part of 15 years dreaming of owning a Bed & Breakfast. We toured numerous Inns, attended The B&B Team's Aspiring Innkeeper Seminar, and conversed with many Innkeepers to educate ourselves about the Innkeeping Business. We put in a great deal of effort to develop a knowledge of the business, however, the process seemed arduous and we felt completely overwhelmed with all that needed to be accomplished if we were to finally buy the inn we have dreamed about for so long. We were honestly beginning to wonder if our aspirations of innkeeping were realistic given what …
Tall Pines Inn
"We started in October and missed 5 closing dates struggling to finance the purchase of Tall Pines Inn. We were told by every lender that we were well qualified, so we didn’t understand why we were having trouble securing a mortgage. We tried for months to work with banks local to the property. It cost us money, time, and it was very confusing and frustrating, and we were really stuck because we wanted to close in time to make changes before the busy season started. We felt had such an amazing opportunity and we did not want to let it pass by. We were truly exasperated and had all but given …
Carolina Bed & Breakfast – Asheville
B & B Financing "My husband Kevin and I will tell you that we could not have bought the Carolina Bed & Breakfast in Asheville, NC without the invaluable knowledge, guidance and dogged persistence that Rick provided to us. Anyone who tells you that financing an Inn is an easy thing absolutely does not know what they are talking about. Rick worked incredibly hard to help us secure the funding we needed and he had all the right connections that made it possible. It was a long and difficult battle to get this deal done and there were several times we thought we would not be able to make …
Devonfield Bed & Breakfast
Bed & Breakfast Financing “After an exhaustive search of inns in multiple states, we finally decided that the first inn we loved was, in fact, the inn of our dreams. We needed to get moving to be able to close in time for the busy season, so we were pressed to find a lender that understood B&B financing and was actively lending in our local market. To make matters even more challenging, we also needed to simultaneously finance our new home located on a separate lot next door to the inn." "Having been a commercial loan officer for 20 years, I knew how challenging the hospitality …
1900 Inn on Montford
https://youtu.be/jHvbDFPKtqg "We are the proud owners of the 1900 Inn on Montford as of 10 weeks ago, we know this would not have been possible without Rick and his team patiently guiding us through our great journey. We learned from Rick how to utilize a retirement rollover to increase our working capital and how it all fit together to determine what we qualified for and what price range we could afford." "Rick’s in-depth knowledge of the inn business and his connections with the professionals in the hospitality community helped us identify the people and steps we needed to manage. Rick …
To Inn Owners and Aspiring Innkeepers:
"We decided to list our inn for sale with the B&B Team, knowing and expecting special properties like Lookout Point could take time to sell. After 2 ½ years on the market we were notified that a couple from the Boston area was interested in coming to visit our inn. Not only were they interested, they were already pre-qualified for a loan that would work with our special property. We were informed they were already working with Richard Newman of Commercial Capital Network, so financing would not be a problem; that’s the best news possible for someone selling a unique property! The couple …
Eden Vale Inn ~ Placerville, CA
"Picture this, Karen and I are at a national innkeeping seminar and trade show within days of closing on the Inn of our dreams when we get the word the bank has dropped our financing. The worst part was having to tell my wife the news. Enter Rick Newman and Commercial Capital Network. Within 24 hours he had connected us with an amazing group of people that literally picked up the ball and scored. We closed within 45 days start to finish. Personal and attentive to every detail, this was an amazing experience and we would not have been able to complete this journey without Rick and his team. …
Lookout Point Lakeside Inn ~ Hot Springs, AR
"Sam and I were one of the lucky ones. We found Rick right at the start and before hiring any of our other professionals of the great team that helped us buy Lookout Point Lakeside Inn. While away for Thanksgiving weekend 2016, we huddled in our lower Manhattan hotel room and had our first phone conference with Rick. Within minutes we knew he would be a critical resource for us as we began our journey to find the perfect property. For us (and probably others thinking about buying an Inn/Boutique Hotel property) we really did not know how much we could afford to spend. Originally we thought we …
The Aerie Inn ~ New Bern, NC
"We initially found Rick’s website back in 2010 when we first entertained the thought of buying a bed and breakfast. I saved his site as a favorite and went about business as usual since the timing wasn't right for us to buy. Keith and I would periodically peruse bed and breakfast for sale sites and dream about “someday.” Perusing different inns for sale became our Sunday morning over coffee time. It started to get more serious at the end of 2016. Keith found a B&B we really liked and we suddenly found ourselves planning a visit to a place we weren’t even sure we could afford. A hasty call …
Stonecroft Country Inn ~ Leland, CT
"After a year of diligently searching for the ideal Bed and Breakfast Inn and financing options available to us, we found Rick Newman from Commercial Capital Network who helped us in prequalifying us for and ultimately securing a loan to finalize the purchase of our lovely inn." "After looking at over 20 + B&B’s and Inns, Rick guided us in every way in navigating these difficult steps to obtain a commercial mortgage. Rick was a calming and reassuring partner that took the sting out of the loan approval process and advised us along our journey." "Rick is a consummate professional who …
The Lake Pointe Inn
Congratulations to Scott and Lenina Lack on the purchase of The Lake Pointe Inn, we were pleased to help with their financing requirements. The Lake Pointe Inn 174 Lake Pointe Drive McHenry, MD 21541 Phone: (301) 387-0111 www.deepcreekinns.com …
Rachael’s Dowry
"Sometimes when the climb is long, winding and rough, your best option is to hire a competent guide and patient mentor to lead the way. The process of finding and buying the right B&B looked like a very steep climb …
The Hoyt House
“My husband Ricky and I decided to leave the corporate world and fulfill our dream of owning and operating our very own Bed and Breakfast. The search for the perfect B&B was on immediately. …
The Oval Door Bed and Breakfast Inn
“The inn acquisition process was one of the most overwhelming experiences Brian and I have gone through". …
The Inn Around the Corner
"Rick Newman was extremely helpful and supportive during the loan process for the purchase of our Bed & Breakfast last year. He was referred to us by our broker and we are very glad that we received this recommendation. …
Fox Hill Bed & Breakfast Suites
“From our initial telephone conversation and throughout the entire process, your professionalism was outstanding. Your guidance, expertise, and responsiveness are all immeasurable. The encouragement and insights provided helped us to maintain focus as we worked through the details of making our dream a reality. We won’t hesitate to recommend Inn Financing to other aspiring innkeepers. We can’t thank you enough for all your prior and continued efforts on our behalf.” Cathy & Mike Miller Fox Hill Bed & Breakfast Suites Fairfield, VA …
The Wagner at Duck Creek
"Rick was an incredible asset during a very long acquisition process of what is now The Wagner at Duck creek. Quite literally, we would not have endured the process or conclude with such a successful outcome if it were not for his wise counsel, …
Applewood Manor Bed & Breakfast
Congratulations to Andrew Grein on the acquisition of the Applewood Manor in Asheville, North Carolina. View Video 62 Cumberland Cir Asheville, NC 28801 828-254-2244 www.applewoodmanor.com …
Apple Bin Bed & Breakfast
Congratulations to Karen and Tom Simpson on the purchase of Apple Bin Bed & Breakfast in the heart of Lancaster County and Pennsylvania Dutch Country. 2835 Willow Street Pike N. Willow Street, PA 17584 717-464-5881 www.applebininn.com …
Blair House Inn Bed and Breakfast
Congratulations to Chris and Lois Mahoney on the purchase of The Blair House Inn B&B. Blair House Inn Bed and Breakfast 100 W Spoke Hill Drive Wimberley, Texas (TX) 78676 Phone: (512) 847-1111 www.blairhouseinn.com …
Goldmoor Inn
Congratulations to Birgit and Slobo Rabin on the purchase of the Goldmo0r Inn. 9001 N. Sand Hill Road Galena, IL 61036 Phone: (815) 777-3925 www.Goldmoor.com …
Casa Sedona Inn in Arizona
Congratulations to Kim and Jim Komara on the purchase of the Casa Sedona Inn. Casa Sedona Inn 55 Hozoni Drive Sedona, Arizona 86336 Phone: (828) 282-2938 www.CasaSedona.com …
The Fox and the Grapes Bed & Breakfast
Congratulations to Bud and Kim Wagner on the purchase of The Fox and the Grapes Bed & Breakfast. The Fox and the Grapes Bed & Breakfast 9496 NY-414 Lodi, NY 14860 Phone: (607) 582-7528 www.TheFoxandtheGrapes.com …
Cedar House on the Sound B&B / Scarola Vineyards
"We had spent many unsuccessful years seeking to refinance our B&B. Thankfully Rick came to rescue after almost giving up. Working with Rick was a complete pleasure. His expertise and professionalism stood out as he guided us throughout the entire process. Rick entered Cedar House on Sound B&B as a financial consultant, and left as a friend. Thank you for all your help!" Frank and Donna Scarola, Scarola Vineyards David and Donna Perrin, Cedar House on the Sound B&B …
The Candlelight Inn
"Besides being a key player in securing financing for our Inn purchase, Rick Newman was a voice of reason and sanity during the emotional roller coaster ride we call Buying a B&B. My wife and I looked at B&Bs from …
BF Hiestand House Bed & Breakfast
"Dear Rick, Dallas and I thank you so very much for your patience and professionalism in working with us on the refinance of our 1887 Victorian B&B. For the past two years we have tried, with no luck, to re-finance …
The Australian Walkabout Inn Bed & Breakfast
"When it was time for us to refinance our loan, we were very discouraged after working with several local banks and getting nowhere. Even the bank that had held the mortgage on our property for over 50 years and four owners did not want to bother working with us. …
Stone House Inn Spa
"We purchased our property in 2005 "as is" with a residential loan. We went through our local zoning process to have our building re-established as a small bed and breakfast after years of it not being used as a lodging property. Every time we wanted or needed to do something to upgrade our property, we hit a brick wall because now we had a business but no commercial loan. …
Journey Inn Bed & Breakfast
"I can’t thank you enough for all your support, patience, honesty, advice, collaboration, and friendship during the process of buying the Journey Inn Bed & Breakfast. Not only did you help secure an amazing loan for us …
Pheasant Field Bed and Breakfast
“Rick’s knowledge of the B&B and financing industry and his ability to clearly and accurately provide advice and present options were the instrumental factors that allowed us to purchase Pheasant Field Bed and Breakfast in Carlisle, PA. Rick developed a negotiation strategy, which allowed us to leverage fact-based data in order to present an offer within our budget and meet the sellers’ expectations. …
Halsey House Bed & Breakfast
"Our purchase of the Halsey House B&B in Trumansburg, NY would not have happened but for your able assistance and knowledge of the lending industry. We knew that money was tight and that our options were limited but your strong suggestion to make use of pension/401K …
The Boxwood Inn
"Betsy joins me in extending our gratitude to you for laboring with us in securing refinancing for The Boxwood Inn. We sincerely appreciate your patience, professionalism, your intimate knowledge of the hospitality industry …
Pineapple Hill Bed & Breakfast
"Wow, Wow, Wow…..Who would have thought that getting financing for a Bed and Breakfast would be such a trial? But a trial it was. Since I already own my own Real Estate company …
The Mast Farm Inn
"Just Closed and Funded - The Mast Farm Inn, Banner Elk, NC." Henri and Marie-Henriette Deschamps …
The White Doe Inn
"Bob and I have been innkeepers at the White Doe Inn for 12 years. We've decided that is was time for our own Inn to undergo some improvements and improve large accommodations on the property for the Innkeepers. Our situation required that we apply for a commercial loan rather than a residential mortgage and Rick Newman at Commercial Capital Network worked with us to make this happen. Rick was a very helpful by advising us every step of the way and we were able to get what we needed to accomplish our goals." Bob and Bebe Woody The White Doe Inn Manteo, NC …
Burke Manor Inn
"Rick Newman made our dreams a reality! His creative and positive approach to the financing of our Inn helped solidify this purchase. His wealth of knowledge about this industry was apparent throughout the process and his availability to us at anytime of the day, (not just 9-5) was greatly appreciated and helped set us at ease on many occasions. He has a true desire to help people. We would consider purchasing another Inn, only if Rick and CCN were involved!" Lori & Lil Lacassagne Burke Manor Inn Gibbonsville, NC …
Reynolds Mansion
"Rick Newman made our first commercial loan experience seem effortless. He walked us through the financing process, showcasing our business plan and financial forecasts in such a way that multiple lenders were interested in financing our property. Rick's confidence and dedication made this project successful. He stayed with us both before and after the closing providing us with valuable insight and contacts within the innkeeping industry. We highly recommend Rick Newman and look forward to years of enjoyment in our new adventure." Mike and Patricia Andriaccio Reynold …
Woodstock Inn
"We tried, unsuccessfully, for over a year to refinance our B&B with several banks and brokers who promised anything and everything to string us along. Then we called Rick and not only did he do exactly what he said he could / would do, but he kept us informed and updated throughout the whole process. The world of finance is filled with unscrupulous, shady individuals. It's nice to know that there is at least one company that still has character and integrity and deals with you as a friend, not a number to be squeezed." Patricia & Todd Justice Woodstock Inn Independence, MO …
Old Stone Inn
"Rick stuck with me through a difficult financing process, and got me the money I needed when other lenders were unable or unwilling to do so. With a somewhat overpriced property, and a tightening credit market, Rick worked with me on an almost daily basis to make the purchase happen. I doubt that anyone else could have pulled that off." Dave Gardner Old Stone Inn Waynesville, NC …
Palms Cliff House
"Rick made the loan process seamless. He explained everything clearly and answered all of our questions without delay. He was a pleasure to work with." John & Michelle Gamble Palms Cliff House Hilo, Hawaii …
